Bitcoin Price Prediction: BTC Soars 7% Following Donald Trump Conference As Analysts Say This Might Be The Next 100X Crypto

The Bitcoin price surged 7% in the last 24 hours to trade at $61,031 as of 5 a.m. EST on trading volume that went up 9% to $43.5 billion.

The world’s first and oldest cryptocurrency is still about 5% down on a weekly chart, meaning that the recovery seen in the last four days was not enough for BTC to make up for the losses seen before that.

However, the coin has still seen a 100% price increase in the last 12 months, even though it is far from its ATH at the moment. In 2024, Bitcoin saw its top performance between March and August, and while it had plenty of ups and downs, this was an important year for the asset.

Not only did the US finally introduce Bitcoin spot ETFs, which were likely behind the coin’s early surge, but it also saw its fourth block rewards halving. For many, this means that the next year-long crypto rally is not far, especially since it has already been months since the halving took place.

But, Bitcoin price recent surge came soon after Trump’s recent appearance at the Bitcoin conference in Nashville, during which the former US president and the running presidential candidate promised to make US the crypto capital of the planet, and “usher in a Bitcoin superpower.” While many feel like the conference created more questions than answers, it certainly brought optimism to Bitcoin, which just saw a 7% surge.

Bitcoin Price Prediction

Bitcoin saw a strong surge in the last 24 hours which managed to bring it back above the $60k mark, but the coin lost its momentum after approaching the $62k barrier earlier. Since then, it spent about 12 hours trading sideways with small fluctuations.

However, traders who are interested to know what will happen next should consider technical indicators such as Bollinger bands, which are currently fairly narrow, which would be a bearish signal in and of itself. But, while the bands remain narrow, Bitcoin price has been trying to push the upper band further up, and it would often fluctuate between it and the central zone between the two bands, rarely going to the lower one.

This itself looks promising, especially with coupled with the project’s Relative Strength Index (RSI).

The RSI value has been going to the edges of the neutral zone in the last 12 hours as well, although it would sometimes sink to the oversold zone. This suggests that traders have been very cautious when it comes to buying, and very quick to sell. All of this points at great uncertainty in the market right now, as many seem to expect a new bearish wave to push BTC below the $60k mark, and that may very well happen.

But then, the coin’s RSI also saw two spikes toward the overbought zone in the last few hours. It did not reach it, but it shows that traders are getting more relaxed, which will likely increase in time if the coin manages to maintain its current level. The optimism is slowly building up, and that alone could help BTC go back to the $62k mark, and potentially further up over the weekend.

Promising Alternatives to Bitcoin

Right now, Bitcoin continues to struggle to remain above the $60k mark, and while there is reason to believe that the coin will go up shortly, many are looking for other, less risky opportunities. Bitcoin is a high-risk, high-reward type of investment, but projects like Base Dawgz (DAWGZ) have a chance at being much more rewarding while being accompanied by significantly lower risks.

Base Dawgz is one of the newer meme coins, which already makes it an investment worth considering, given that the meme coin sector exploded in 2024 more than ever before. But, Base Dawgz’s potential goes far beyond that.

Developed on the Base blockchain, DAWGZ was designed to run on five different blockchains simultaneously after its ICO ends and the project sees launch. Those include its native Base, but also Avalanche, Ethereum, Solana, and BSC.

In other words, five of the largest and busiest chains in the industry will all be connected through this token, which will be able to provide true interoperability.

This will be possible thanks to the project’s use of Portal Bridge and Wormhole technologies, which will enable the seamless transfer of funds from chain to chain, without needing wrapped tokens, stablecoins, or converting one token into another.

As such, DAWGZ will be able to unlock the full potential of all five chains and let you access any opportunity on any of them at any time.

This is why its presale has been a major success, raising over $2.85 million as of the time of writing, and why major crypto experts, such as YouTuber ClayBro, believe it has a massive chance to blow up and even challenge projects like Shiba Inu.

You can join Base Dawgz right now by purchasing its DAWGZ tokens for $0.007414 with USDT, USDC, ETH, BUSD, BNB, SOL, or AVAX.

Visit DAWGZ official website.

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